Wealth Growth Daily

Updated

Food delivery giant Meituan defies China consumer pullback with revenue beat

BY Reuters  • August 28, 2024August 28, 2024
By Casey Hall SHANGHAI (Reuters) -Chinese food delivery giant Meituan posted a bigger than expected 21% rise in second-quarter revenue on Wednesday, defying a slowing Chinese economy. Meituan, which h[...]
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Disney, Reliance overcome cricket concerns to win approval for $8.5 billion India merger

BY Reuters  • August 28, 2024August 28, 2024
By Aditya Kalra BENGALURU (Reuters) – Walt Disney Co and Reliance Industries won approval on Wednesday for an $8.5 billion merger of their Indian media assets after assuaging regulatory worries[...]
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Two more Chinese airlines to start flying China-made COMAC C919 jet

BY Reuters  • August 28, 2024August 28, 2024
BEIJING (Reuters) -Air China and China Southern Airlines will become the second and third Chinese carriers to fly China’s homegrown COMAC C919 passenger jet after receiving their first planes on[...]
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Once-acquisitive Chinese oil giant looks to revive global dealmaking

BY Reuters  • August 28, 2024August 28, 2024
(This Aug. 27 story has been corrected to remove the reference to Chevron, in paragraph 19) By Chen Aizhu SINGAPORE (Reuters) – CNPC, Asia’s top oil producer, is reviewing its global strat[...]
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Hyundai targets 30% rise in sales by 2030, as it doubles hybrid lineups

BY Reuters  • August 28, 2024August 28, 2024
By Heekyong Yang and Joyce Lee SEOUL (Reuters) -Hyundai Motor said on Wednesday it was targeting annual global sales of 5.55 million vehicles by 2030, up 30% from 2023, as it plans to double its hybri[...]
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Scandinavian airline SAS hails ‘new era’ as exits US bankruptcy process

BY Reuters  • August 28, 2024August 28, 2024
By Terje Solsvik and Marie Mannes OSLO (Reuters) -SAS said on Wednesday it has exited U.S. Chapter 11 bankruptcy proceedings, with the Scandinavian airline’s CEO hailing a “new era”[...]
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Regulator cuts Malaysia Airlines’ air operator certificate duration after probe

BY Reuters  • August 28, 2024August 28, 2024
By Danial Azhar and Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia’s civil aviation regulator has cut the duration of Malaysia Airlines’ air operator certificate to one year from three ye[...]
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Apple eyes bigger slice of India’s streaming, music market with Airtel deal

BY Reuters  • August 28, 2024August 28, 2024
By Munsif Vengattil and Aditya Kalra BENGALURU (Reuters) -Apple is tying up with India’s Bharti Airtel to offer the telecom firm’s premium customers its music and video streaming services[...]
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NFL allows private equity firms to invest in teams

BY Reuters  • August 28, 2024August 28, 2024
(Reuters) -The owners of the National Football League (NFL) have allowed some private equity firms to buy up to a 10% stake in a team, the NFL said on Tuesday. Firms initially approved by the NFL incl[...]
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